Malaysia's PM Anwar Addresses Ringgit's Decline, Highlights Economic Growth

Despite the ringgit reaching a 26-year low, Prime Minister Anwar Ibrahim emphasizes Malaysia's strong investment figures and declining inflation.

Prime Minister Anwar Ibrahim reassures that the Malaysian government is actively addressing the ringgit's decline, emphasizing the country's strong investment figures.
The ringgit fell to its lowest level since the Asian Financial Crisis but Anwar highlights Malaysia's economic resilience with record-high investments and lower inflation.
Central Bank of Malaysia is closely monitoring the ringgit, with Anwar pointing out the importance of a comprehensive view of the economy.
Despite the currency's fall, Malaysia achieved a record investment of RM329.5 billion in 2023, marking a 23% increase from the previous year.
Anwar announces incentives for companies moving to the newly launched Tun Razak Exchange, aiming to bolster Malaysia's position as an international financial center.